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kenjiii16
kenjiii16 Jul 19, 17 1:46 PM

heres what i never really understood quite well. maybe u can help me. we may have different percent gains, but if we have the same amount of money made, who cares? AEZS was on my scan, but also look at UAL or CXS today, both great examples of the moves they make. I use leverage as well so i can take the same amount of shares as i do on a penny stock. Of course, i am careful with my risk.

aidan222sharpe
1
aidan222sharpe Jul 19, 17 1:50 PM

@kenjiii16 Oh ok if you are using leverage and only risking the same amount of money as you would in a penny stock, and if you are better at trading large caps then you might as well

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mudit1234
mudit1234 Jun 21, 17 1:25 AM

use a normal trading account to grow your account a little bit then take some of your profits out ever year to put into a roth IRA account to help with your income tax and trade with two accounts so you'll be set for retirement and have a normal account for your personal spending

sik
sik Jun 21, 17 8:46 AM

roth you can pull the principle back out with no penalty. it only "locks up" your gains. if it's self directed it's not any riskier/safer at all. it's literally a question of do you want to pay taxes or not. you're allowed to not pay on 5500 a year by putting it in a roth. once you reach the 5500 cap, then you start put the rest in a cash account. but if you are under the 5500 cap, it's a no brainer. roth 100%.

natetrades16
natetrades16 Jun 21, 17 9:03 AM

Have your personal investments in Roth trade in regular.

TraderH
TraderH Jun 22, 17 7:02 AM

Based on your age, I would stick with the trading account and focus on saving up money. Just work and create a plan to save up money. Don't worry about taxes. Don't use retirement accounts for trading but more for long term investments. Realize the Roth IRA has a 5 year rule in order to qualify distributions.. 5 Roth IRA Withdrawal Rules You Need to Know http://www.rothira.com/roth-ira-withdrawal-rules

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Financestudent
Financestudent Jun 13, 17 9:13 PM

@Scr1pt_K1ng thanks, but does level 2 come with the web platform? or do i need t pay for suretrader pro desktop platform to get level 2, is there a waý around it?

kenjiii16
kenjiii16 Jun 13, 17 11:31 PM

@Financestudent you need to pay for Suretrader pro for level 2. i planned on using thinkorswim platform and using the Suretrader platform just for entering orders.

Financestudent
Financestudent Jun 17, 17 9:27 PM

but is the thinkorswim platform for free? so you use thinkorswim platform for level 2 and suretrader for order executions

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kenjiii16

@nastya looks like your trading is getting better! keep it up. i just wanted to ask, do you use a web based trading station or an actual trading platform?

nastya
nastya May 23, 17 12:27 PM

I use web based platform and STT for charts, quotes and Level 2

kenjiii16
kenjiii16 May 24, 17 8:26 AM

does the web based platform make your trading slower? do you find it annoying?

nastya
nastya May 24, 17 8:35 AM

It doesn't slow down my trading, and it's not annoying. Sometimes I wish I had hot keys to be able to exit faster, but I don't mind taking time to do the entry - it gives me some extra time to evaluate everything again

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kenjiii16

@Turbobob hey bob, I noticed that when i trade your type of stocks (slower moving ones), I get scared out easily bc im used to the level 2 action on the faster moving stocks that I normally trade. What do you use as risk (9ema, vwap, or just support/resistance)? Do you get out when the stock is not moving like you intended, or do you wait for a sell signal? Thank you for your reply in advance

Turbobob
1
Turbobob May 17, 17 3:47 PM

I use support and resistance and 5 ema and 15 ema for direction. I usually exit quite quickly if it doesn't do as I expect. Though I also stick to my trade plan when I enter as sometimes they need time to develop and you don't want to get stopped out too soon.

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